half of outstanding student loan isnt being repaid. 7 million in default

[limpyhobbler]

45. Your proposals are weak and puny

They do nothing to protect the millions of people whose lives are being destroyed by these unregulated debts.

I'm all for the reforms you mentioned to prevent the problems happening to another generation.

But the fact is, the banks have already stopped (slowed way down) pushing these unregulated loans. There was a time period where they got away with it. About a decade or so.

What I'm hearing from you sounds Republican to me. You are saying that the government should do nothing to protect people with privately held student loans. You are saying it is OK to have a class of loans out there with no income based repayment options, but also no regular consumer protections like bankruptcy.

You said the problem is the people who take out the loans. In other words "Let the buyer beware". You are 18 years old and you may be signing up for a lifetime of servitude.

Instead I'm saying something different:
Ban predatory lending, and provide relief for those already victimized by it.